Saturday, 23 September, 2017

News

Twitter beefs up security after hacking spree on media

By Jim Finkle (Reuters) – Twitter Inc unveiled technology to boost security for its users, following a spate of attacks on accounts of prominent media outlets including the Associated Press, the Financial Times and The Onion. The micro blogging site, which transmits some 400 million messages a day, said on Wednesday that it had begun rolling out an optional "login ... Read More »

Yahoo buying Tumblr for $1.1 billion, vows not to screw it up

By Alexei Oreskovic and Jennifer Saba SAN FRANCISCO/NEW YORK (Reuters) – Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. The deal, announced on Monday, is a bold bet by Yahoo Chief Executive Marissa ... Read More »

Yahoo buying Tumblr for $1.1 billion, vows not to screw it up

By Alexei Oreskovic and Jennifer Saba SAN FRANCISCO/NEW YORK (Reuters) – Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. The deal, announced on Monday, is a bold bet by Yahoo Chief Executive Marissa ... Read More »

Parents turn to Internet to help daughter charged with sex with girl minor

By Barbara Liston ORLANDO, Florida (Reuters) – Thousands of people have protested against the prosecution of an 18-year-old Florida high school senior after her parents launched an Internet petition claiming she was charged with sex crimes only because her lover, a then 14-year-old schoolmate, was another girl. By late Monday afternoon, almost 100,000 people had signed a Change.org petition or ... Read More »

Online takeout companies GrubHub and Seamless to merge

By Sarah McBride SAN FRANCISCO (Reuters) – Two of the nation’s biggest online food delivery businesses said they are merging in a deal that they hope will drive more orders, in more cities, through their platforms. GrubHub and Seamless, which allow consumers to easily order online from various restaurants, are part of a group of fast-growing businesses that standardize local ... Read More »

Yahoo’s board approves $1.1 billion Tumblr acquisition: WSJ

SAN FRANCISCO (Reuters) – Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday. Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo ... Read More »

New Xbox more than a game console for Microsoft

By Malathi Nayak and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) – Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry. But the small device faces some big ... Read More »

U.S. authorities seize accounts of major Bitcoin operator

By Brett Wolf ST. LOUIS, May 17 (Thomson Reuters Accelus) – U.S. authorities have seized two accounts linked to a major operator in the booming Bitcoin digital currency market, Tokyo-based exchange Mt. Gox. The move may prevent the firm from facilitating the purchase and sale of Bitcoins in U.S. dollars at a time when use of the currency and its ... Read More »

After Google, Amazon to be grilled on UK tax presence

By Tom Bergin LONDON (Reuters) – Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters. Amazon will follow search giant Google, which attended another grilling by parliament's Public Affairs Committee (PAC) over its tax affairs on Thursday. A ... Read More »

Ex-Groupon CEO Mason moving to San Francisco to start new company

By Alistair Barr SAN FRANCISCO (Reuters) – Former Groupon Inc. Chief Executive Andrew Mason is moving to San Francisco to start a company after recently recording an album of "motivational business music," according to an update on his blog on Thursday. "If there's a silver lining to leaving Groupon, it's the opportunity to start something new," Mason wrote. "I've accumulated ... Read More »